Sunday, February 07, 2010

Why I'm a conservative? #448


Because I understand that governments cannot produce or employ anybody without a vibrant private sector to pay taxes.....

Bizzyblog a breakdown of the current employment figures.

There’s a reason why Americans who don’t happen to work for the government or directly benefit from its largesse are not sensing an economic recovery. For them, it’s mostly not happening. ADP’s January employment report showing 22,000 private-sector jobs lost, the latest available jobs-related information available when this column was written, only confirms that feeling.

A look at what has happened to the nation’s inflation-adjusted Gross Domestic Product (GDP), the value of all goods and services produced in the economy, during the last six quarters is sadly instructive. Comparing the fourth quarter of 2009 with the second quarter of 2008, we see that:

  • Even after six months of “recovery,” the economy as a whole has shrunk by almost 2%.
  • Uncle Sam’s level of annualized consumption and “investment” has grown by 8.5%.
  • Despite the incessant pleadings of poverty by most state and local governments, their consumption and “investment” have hardly changed.
  • What remains, i.e., the private sector, is 3% smaller.

The private-sector shrink is really about 1 percentage point higher than indicated, because the above data treats General Motors and Chrysler as if the government and a meddling Congress aren’t in control of them. This of course is nonsense.

Consider that there are currently 4.8 private sector workers for every government worker on the payroll; a number that continues to decline.

Assuming that all workers make the same wage (of course private sector employers make less). Then it would take 5 workers paying a fifth of their wages just to support one fat ass government employee; and it's getting worse all the time.

It's a system that just cannot sustain itself.

What's amazing that the people most inclined to believe in suspect global warming "science" can't seem to get their arms around something more provable. It's as though they are either so stupid they can't comprehend this or don't care.

If you are a liberal maybe you can educate me how a government can employ someone without a tax base to pay for it.

Or you'll just continue on being a dumbass.


2 comments:

Anonymous said...

Man I dig your blog! I guess when that number of private sector employees gets even smaller we can give it all to the guberment.

Anonymous said...

What's worse is the 4.8 number doesn't even include folks getting unemployment, which the private sector is paying for as well.